Prices for property in Dubai fell by 41% - 11 May 2009

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Main » 2009 » May » 11 » Prices for property in Dubai fell by 41%

Prices for property in Dubai fell by 41%	2:54 AM
Prices for property in Dubai fell by 41% in the first 3 months of this year, reported BBC quoting a recent research by Colliers International. This is another sign that the world economic crisis did not spare the previously booming property market in Dubai. The research analyzed property prices in those regions of Dubai where foreign workers were permitted to buy property. A spokesman for Colliers said, that the prices are falling due to employment problems and that they were likely to decline further.
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